rs440 amount to Rs561 in 5 year 6 mats
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Answer:
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Step-by-step explanation:
GIVEN:-
Principal=440
Amount=561
Time=5 years 6 months/5.5 years
SOLUTION:-
LET THE RATE OF INTEREST BE X
WE KNOW THAT:-
A=P+SI
so
561=440+SI
so ,=> SI = 561-440
=>SI =121
SI=P×N×I
BUT ACCORDING TO THE QUESTION
121=440×55/10×X
=>44×55X=121
=>55X=121/44
=>55X=11/4
=>X=11/4×55
=>X=11/220 OR 1/20
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